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  1. Lessons for the Ford Government from the 1995 Federal Budget

    Chronic deficits since the 2008/09 recession have weakened Ontario’s public finances. The province’s debt-to-GDP ratio—a key measure of fiscal sustainability—increased from 27.8 percent to an estimated 47.0 percent of GDP by the end of 2020/21. ...

  2. Ontario’s combined government debt exceeds 100% of GDP

    By 2020/21, the provincial net debt equaled $27,010 per Ontarian. ...

  3. Ford government must plot path to budget balance

    Appeared in National Newswatch, February 18, 2021 The Ford government released Ontario’s 2020/21 third quarter fiscal update last week. As expected, the numbers were ugly. The Department of Finance now anticipates a $38.5 billion budget deficit for this ...

  4. Ontario’s new finance minister must recognize the importance of budget balance

    Appeared in National Newswatch, January 14, 2021 With the resignation of Rod Phillips, Ontario’s incoming finance minister Peter Bethlenfalvy inherits a difficult job. The province’s fiscal challenges long pre-date the global pandemic. Queen’s Park has ...

  5. Alberta’s run of deficits tower over Ontario’s worst

    Appeared in the Financial Post, May 30, 2017 Over the past decade, Ontario emerged as the poster child for poor fiscal management in Canada, due largely to the province’s deep run of deficits. However, thanks to a decade of rapid spending growth and ...

  6. Race to the Bottom: Comparing the Recent Deficits of Alberta and Ontario

    Alberta’s public finances are deteriorating rapidly, with the provincial government set to run a cumulative budget deficit of $27.6 billion over the three-year period from 2015/16 to 2017/18. Until recently, by far the largest deficits of any ...

  7. Alberta poised to outdo Ontario on budget deficits

    Appeared in the Financial Post, August 24, 2016 A recent analysis from the federal government compared the economic damage done to Ontario’s auto sector during the financial crisis to the damage done to Alberta’s energy sector during the recent stretch of ...